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Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, addresses the media launch of Civil Service Week 2018, today (November 14) at Jamaica House. The Week will be observed from November 18 to 24 under the theme ‘Committed to Sustainable Growth and Development’.

Public-Sector Workers Lauded

Public-sector workers have been hailed for their contribution to the country’s positive performance in the 2017-2018 Global Competitiveness Report, which shows that Jamaica is ranked 27 out of 140 countries in labour market efficiency. Minister without Portfolio in the Ministry...

Minister of Finance and the Public Service, Dr the Hon. Nigel Clarke. (File)

House Approves $223-Million Withdrawal from Capital Development Fund

Development Bank of Jamaica (DBJ) Managing Director, Milverton Reynolds (left), converses with JN Fund Managers Deputy General Manager, Jermaine Deans, during Tuesday’s (November 13) Caribbean Renewable Energy Forum at the Spanish Court Hotel in New Kingston. The forum was jointly hosted by JN Fund Managers Limited, and German asset and investment management firm, MPC Capital.

DBJ Has Provided Over $3 Billion for Energy Projects

Preparations under Way to List Wigton Windfarm on Stock Market

Regarding the additional US$226 million now available to the country with the passing of the fourth PSBA Review, the Minister said that “this puts us in a very strong position”, in the event Jamaica needs additional funding support to counter domestic or exogenous shocks.

Economic Conditions Have Never Been Better

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left), converses with (from second left), Canada’s High Commissioner to Jamaica, Her Excellency Laurie Peters; Head of the European Union Delegation to Jamaica, The Bahamas, and Turks and Caicos Islands, Ambassador Malgorzata Wasilewska; and World Bank Vice President, Jorgé Familiar, during Wednesday’s (November 7) public forum at The Jamaica Pegasus hotel in New Kingston, under the theme ‘Facing the Fiscal Risk of Natural Disasters’. The forum was jointly hosted by the Finance and the Public Service Ministry and the World Bank.

8 years ago Finance & Public Service

National Disaster Risk Financing Policy Should be in Place Next Year

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says the Administration is looking to institute the proposed National Disaster Risk Financing Policy ahead of the expiration of the Precautionary Stand-By Arrangement (PSBA) with the International Monetary Fund (IMF) in October 2019. The policy, development of which was approved by Cabinet, aims to position the Government and wider...

Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Senator the Hon. Pearnel Charles Jr. (right), speaks with Ambassador of the Republic of Panama, His Excellency Alexis Eduardo Sandoval Cajar (centre) and his wife, Yomaris Franco de Sandoval (right), at a reception held on Monday (November 5) at The Jamaica Pegasus hotel in Kingston, to observe the 115th Anniversary of Panama’s Independence Day.

8 years ago DevelopmentEducationFinance & Public ServiceTourism

Jamaica and Panama to Cooperate in Education, Tourism and Maritime Development

Jamaica will be assisting the Republic of Panama in the areas of education, maritime development and community tourism. Minister of State in the Ministry of Foreign Affairs and Foreign Trade, Senator the Hon. Pearnel Charles Jr., made the announcement while speaking at a reception on November 5 at The Jamaica Pegasus hotel in Kingston to observe the 115th anniversary of...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke (second left) is greeted by Resident Representative, Japan International Cooperation Agency (JICA), Kenji Tobita (right) at the celebration of the 20th anniversary of the JICA Alumni Association in Jamaica at the Knutsford Court Hotel in New Kingston on November 3. Others from left are: Japanese Ambassador to Jamaica, His Excellency Hiromasa Yamazaki and President, JICA Alumni Association in Jamaica, Lenroy James.

8 years ago Finance & Public ServiceForeign AffairsVision 2030

Over 600 Jamaicans Benefit from Training in Japan

Over 600 Jamaican officers and engineers, mainly from public-sector entities have benefited from technical training programmes in Japan. The sectors for training are wide and varied to support the socio-economic development of Jamaica. These sectors vary from year to year based on the priority areas of cooperation between Japan and Jamaica as well as in accordance with the Government’s Vision...

8 years ago Finance & Public ServiceVision 2030

Jamaica Customs – Makes Strides in Key Areas of Governance: Surpasses Revenue Targets in first two quarters of 2018/19 FY

The Jamaica Customs Agency (JCA) stands firmly on its motto: “Country Above Self” and its core values of Customer-centricity, Accountability, Professionalism, Integrity and Transparency (CAPIT), and remains committed to its mandates of facilitating trade, protecting Jamaica’s borders and collecting revenue on behalf of the Government of Jamaica. The JCA has sought ways to improve its overall efficiency as a public...

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams (left), greets Vice Chairman, Government of Jamaica Audit Commission, Collin Greenland, during the annual Audit Committees’ Conference at The Knutsford Court Hotel in New Kingston on Wednesday (October 31). The event was held under the theme: ‘Audit Committees: Combatting Corruption, Promoting Transparency’.

8 years ago DevelopmentFinance & Public Service

Collective Efforts Needed To Fight Corruption – Minister Williams

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says ongoing collective efforts are needed to achieve further reduction in corruption. Mrs. Williams acknowledged that significant work has been undertaken and progress made in this regard, resulting in Jamaica’s improved ranking to 68th out of 180 countries on Transparency International’s 2017 Corruption Perception Index,...

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke (left) listens attentively to a point made by LatinFinance’s Chief Executive Officer, Taimur Ahmad, at the third Caribbean Finance and Investment Forum, at The Jamaica Pegasus hotel in New Kingston on November 1.

8 years ago Finance & Public Service

90 Per Cent of Loans from China to be Repaid in 10 Years

Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says 90 per cent of outstanding debt to the Export-Import (EXIM) Bank of China will be repaid in 10 years. Dr. Clarke informed that 99 per cent of the loans secured from China on behalf of Jamaica are at fixed interest rates of two and three per cent, which...

8 years ago Finance & Public Service

Unemployment Falls to Record Low of 8.4 Per Cent

The country’s unemployment rate has fallen to a new record low of 8.4 per cent, according to the Statistical Institute of Jamaica (STATIN) Labour Force Survey for July 2018. This out-turn is 1.3 per cent lower than the 9.7 per cent recorded for the April 2018 Survey. It is also 2.9 percentage points lower than the rate of 11.3 per...